Anastasia Donde
The new direct lending firm has secured a $200 million commitment from McCourt Global, a New York- and Los Angeles-based real estate development firm.
The $232 million senior credit facility will partially finance the acquisition of PetVet Care by Teachers Private Capital, the private equity arm of Canada’s OTPP.
The mid-market lender has so far gathered $562 million for its ninth fund and is targeting $2 billion overall.
The real estate developer has so far raised $127 million for the Related Real Estate Fund II, which focuses on distressed opportunities as well as loan origination and acquisition.
The mid-market lender has so far gathered $562 million for its ninth fund and is targeting $2 billion overall.
The US alternative investment firm has raised $421 million for its distressed European fund, which is targeting $500 million total.
The US lending firm has provided unitranche debt for the acquisition of Cycle Gear by private equity sponsor J.W. Childs.
Following the death of Craig Schiffer, Cowen Group’s elected leader for its new Cowen Finance business, the firm is planning to name a new head.
The new fund will employ the same strategy as its predecessor, which raised the same total in 2011, and has collected more money from institutions this time.
The $55 million loan will aid Incipio Technologies’ expansion plans which include potential acquisitions.